Financial Services

We’re eager to provide financing for your new car, or we can assist in used car financing. Check out our online car loan calculator for an instant car loan rate. Low interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract.

You’re just a step away from approved car financing!

Traditional financing is an option whereby you borrow the amount you need to buy your vehicle, then repay that amount, plus interest, with the long-term goal of owning it.

A quick look at the advantages of buying:

  • You will own the vehicle
  • The vehicle will be registered under your name
  • The bigger your down payment, the less you pay each month
  • You can trade in your current vehicle to add to your down payment
  • You can keep your vehicle as long as you wish
  • There are no kilometer restrictions
  • There are no wear and tear limitations
  • You may alter your vehicle any way you wish

The down and dirty details of buying your vehicle:
Car Loans Kitchener-Waterloo, Ontario, Low Interest Car Financing, Scherer Chevrolet Buick GMC

Up-front costs:
Down payment, registration fees and other charges.

Monthly payments:
Usually higher than lease payments because you’re paying for the entire purchase price, taxes and finance charges.

When payments end:
You own your vehicle. You can choose to keep it, sell it or trade it in.

Wear and tear:
Wear and tear is your responsibility. In excess, it may lower your trade-in or resale value.

Insurance:
Coverage is required for the amount specified by your finance contract.

To change vehicles:
Once fully paid for, you must sell it yourself, or negotiate a trade-in price when buying or leasing a new vehicle.

Annual kilometers:
Unlimited. Drive as far and as often as you want. Keep in mind high kilometers may affect trade-in or resale value.